Fulton Financial Corp (FULT) is Initiated by Hovde Group to Outperform, Price Target at $16

Fulton Financial Corp (FULT) was Initiated by Hovde Group to “Outperform” and the brokerage firm has set the Price Target at $16. Hovde Group advised their investors in a research report released on Sep 12, 2016.

Many Wall Street Analysts have commented on Fulton Financial Corp. Hovde Group Initiated Fulton Financial Corp on Sep 12, 2016 to “Outperform”, Price Target of the shares are set at $16.

On the company’s financial health, Fulton Financial Corp reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.22.Analysts expectations of $ 176.37.During the same quarter in the previous year, the company posted $0.21 EPS.

Fulton Financial Corp opened for trading at $14.11 and hit $14.35 on the upside on Wednesday, eventually ending the session at $14.35, with a gain of 1.27% or 0.18 points. The heightened volatility saw the trading volume jump to 959,845 shares. Company has a market cap of $2,483 M.

In a different news, on Sep 2, 2016, Curtis J Myers (Sr. Executive Vice President) sold 15,580 shares at $14.35 per share price. According to the SEC, on Aug 17, 2016, Philmer H Rohrbaugh (COO) purchased 14,000 shares at $13.96 per share price. On Oct 27, 2015, Michael J Deporter (Principal Accounting Officer) sold 15,833 shares at $13.27 per share price, according to the Form-4 filing with the securities and exchange commission.

Fulton Financial Corporation is a multi-bank financial holding company. The Company provides a range of banking and financial services to businesses and consumers through its six wholly owned banking subsidiaries: Fulton Bank N.A. Fulton Bank of New Jersey The Columbia Bank Lafayette Ambassador Bank FNB Bank N.A. and Swineford National Bank. In addition the Company owns the non-bank subsidiaries such as Fulton Reinsurance Company LTD Fulton Financial Realty Company Central Pennsylvania Financial Corp. FFC Management Inc. FFC Penn Square Inc. and Fulton Insurance Services Group Inc. The Company offers through its banking subsidiaries a range of retail and commercial banking services in Pennsylvania Delaware Maryland New Jersey and Virginia.

Fulton Financial Corp

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